| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26432 |
| 来源ID | Working Paper 26432 |
| Magnification of the \u2018China Shock\u2019 Through the U.S. Housing Market | |
| Yuan Xu; Hong Ma; Robert C. Feenstra | |
| 发表日期 | 2019-11-11 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | The ‘China shock’ operated in part through the housing market, which is one reason why its impact was so large in the United States. We add housing to a multi-region monopolistic competition model, with individuals choosing whether and where to work. Controlling for housing reduces the negative coefficient of import exposure on manufacturing employment by 20-25%, with a significant indirect magnification through the housing market. Combining manufacturing and construction employment, the indirect effect of the China shock through the housing market explains one-fifth as much of the variance in employment as the direct effect of import exposure, with further employment impacts through independent fluctuations in the housing market. |
| 主题 | International Economics ; Trade ; Regional and Urban Economics ; Real Estate |
| URL | https://www.nber.org/papers/w26432 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584104 |
| 推荐引用方式 GB/T 7714 | Yuan Xu,Hong Ma,Robert C. Feenstra. Magnification of the \u2018China Shock\u2019 Through the U.S. Housing Market. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26432.pdf（554KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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